Over $2 billion has poured into the Melrose neighborhood of the Bronx as well as adjacent areas in new construction — whether residential or new commercial — in less than 10 years easily out pacing the entire borough.
The bulk of the money has been centered in the many developments in Melrose such as La Terraza, Boricua College & North Rose Apartments, St Ann’s Terrace, Via Verde as well as the proposed 950 unit La Central Development which is currently estimated at $345 million.
All these developments have led Melrose to be one of the fastest growing neighborhoods in the city as of the 2010 census with thousands of new affordable apartments for low and middle income families.
Some of the developments in Melrose and surrounding areas are:
Facebook Group: https://www.facebook.com/groups/Welcome2TheBronx/
Facebook Page: https://www.facebook.com/pages/Welcome2TheBronx/